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Wasps going into admin & the impact on CCFC (9 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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oldfiver

Well-Known Member
  • Oct 19, 2022
  • #4,376
duffer said:
Me and a mate will do it for £10m. No VAT, but it'll have to be a cash deal though.
Click to expand...

Chief Executive – Coventry City Council

Chief Executive
www.coventry.gov.uk

and you wont have to finish it!
 
Reactions: duffer

1ccfc

Well-Known Member
  • Oct 19, 2022
  • #4,377
Football_w@nkers said:
Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.
Click to expand...
I hope you leave that aggresive attitude at home before attending your next match. You might end up being banned and not able to go anymore.
 
Reactions: Terry Gibson's perm and Saddlebrains
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 19, 2022
  • #4,378
Football_w@nkers said:
Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.
Click to expand...
This place is c**t central mate. It’s a pre-requisite to signing up
 
Reactions: robbiethemole, Kneeza and duffer

duffer

Well-Known Member
  • Oct 19, 2022
  • #4,379
HuckerbyDublinWhelan said:
This place is c**t central mate. It’s a pre-requisite to signing up
Click to expand...

I've even grown hair round my mouth so that I can talk like a c**t. I'm not just limited to posting here.
 
Reactions: HuckerbyDublinWhelan

Calista

Well-Known Member
  • Oct 19, 2022
  • #4,380
duffer said:
Me and a mate will do it for £10m. No VAT, but it'll have to be a cash deal though.
Click to expand...
I only recently realised who your avatar is Duffer. Up until that point, I always had you down as just the sort of cool thrusting young entrepreneur who might be hovering with a takeover bid for CCFC.
 
Reactions: skybluepm2, Mcbean and duffer

joemercersaces

Well-Known Member
  • Oct 19, 2022
  • #4,381
Football_w@nkers said:
Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.
Click to expand...
Hi Ann, started early today?
 
Reactions: TomRad85 and duffer

Colin Steins Smile

Well-Known Member
  • Oct 19, 2022
  • #4,382
Football_w@nkers said:
Easy to see why nancyball supporters are generally regarded as degenerate scumbags.........Because you all f*cking are! I knew rollover-like-pansie-ball fans are generally c*nts but you foul dickheads are a whole new level of c*ntishness.
Click to expand...
You seem to be having a bad day. Perhaps you should attend some anger management sessions? I presume you're a bond holder and have been shafted out of a lot of money.
 

duffer

Well-Known Member
  • Oct 19, 2022
  • #4,383
Calista said:
I only recently realised who your avatar is Duffer. Up until that point, I always had you down as just the sort of cool thrusting young entrepreneur who might be hovering with a takeover bid for CCFC.
Click to expand...

Ah, sadly I am precisely everything that my avatar is not. Cool, rich, continental, good looking, hirsute, decent footballer, literally none of those things!
 
Reactions: Calista

ajsccfc

Well-Known Member
  • Oct 19, 2022
  • #4,384
Is 'fucking' censored or did he just star it out as if getting it past a teacher?
 
Reactions: robbiethemole
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 19, 2022
  • #4,385
Why doesn’t he appreciate the skill around rolling over is? O’Hare does it regularly and doesn’t get anything
 
Reactions: duffer and Sky Blue Pete
B

Brighton Sky Blue

Well-Known Member
  • Oct 19, 2022
  • #4,386
ajsccfc said:
Is 'fucking' censored or did he just star it out as if getting it past a teacher?
Click to expand...

Nothing gets past me he's been put in detention and his parents have been called. Think they're taking away his James Haskell action figure and turning off the WiFi after 6 pm.
 
Reactions: ajsccfc and duffer

hill83

Well-Known Member
  • Oct 19, 2022
  • #4,387
What did I miss?
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Oct 19, 2022
  • #4,388
hill83 said:
What did I miss?
Click to expand...
We’re paranoid wasps aren’t going to get relegated and Stephen Vaughan has signed up to SBT as “Football_W@nkers”
 
Reactions: larry_david, Saddlebrains, duffer and 4 others
A

AndreasB

Well-Known Member
  • Oct 19, 2022
  • #4,389
I know with our history we should always be worried but Wasps coming back anytime soon shouldnt be one of the worries. They are finished. Dead from 2PM Monday. The adminstrator will have retained a couple of finance staff (who basically need to hand over their passwords) and maybe someone from comms and HR but thats it. Any players or staff waiting on a call to say its resolved or rescued are deluded. its not how these things play out.Unlike a retailer they are not continuing to trade or generate cash
This is not a going concern that has run into a little cash flow problems, its a failed enterprise that had an impossible business model and a mountain of debt- completely out of control for the actual size of the business.
There will be no money or people to put games on and no insurance or ability to continue.
On the Arena, bet it goes to a company or group we have never heard of. Be amazed if they wanted Wasps around- question is, would they want us?
 
Reactions: Saddlebrains, BananaFlats, Godiva and 3 others

shmmeee

Well-Known Member
  • Oct 19, 2022
  • #4,390
Just gone past the CBS, did I miss it or has the Wasps badge gone?
 

olderskyblue

Well-Known Member
  • Oct 19, 2022
  • #4,391
HuckerbyDublinWhelan said:
This place is c**t central mate. It’s a pre-requisite to signing up
Click to expand...
If he didn’t know that, he’s lucky the membership algorithm picked him up, and allowed him in….
 
Reactions: duffer and HuckerbyDublinWhelan
C

Ccfcsj

Well-Known Member
  • Oct 19, 2022
  • #4,392
shmmeee said:
Just gone past the CBS, did I miss it or has the Wasps badge gone?
Click to expand...
It was there this morning at about 11:30 as was that awful double poster they have up. Maybe it's been taken down this afternoon
 

olderskyblue

Well-Known Member
  • Oct 19, 2022
  • #4,393
robbiethemole said:
So that was £5.3m that went into the bottomless pit with fuck all to show for it???
Click to expand...
I wonder if there were some “rules” associated with that money? If so, wonder if they abided by them….
 
O

oldfiver

Well-Known Member
  • Oct 19, 2022
  • #4,394
Nick said:
The bloke who didn't know another rugby club existed in Cov?
Click to expand...

Oh he did! He told the "other" club WASPS weren't coming !
 
Reactions: duffer, Kneeza and Nick
B

Brighton Sky Blue

Well-Known Member
  • Oct 19, 2022
  • #4,395
robbiethemole said:
So that was £5.3m that went into the bottomless pit with fuck all to show for it???
Click to expand...

Nah it went on this

 
Reactions: RegTheDonk and robbiethemole

MalcSB

Well-Known Member
  • Oct 19, 2022
  • #4,396
oldfiver said:

Wasps owners unveil plans for Ricoh hotel

Photos show how it could look inside
www.coventrytelegraph.net

New hotel in talks to be built at the Ricoh Arena

A new hotel is due to be built on one of the car parks at the Ricoh Arena, if Coventry City Council grant permission to Wasps Holdings Ltd. It is likely that the cabinet will agree to a new long lea...
www.whatsonlive.co.uk

see the shuffle?
Click to expand...
Very fluid. Wasps a convenient smoke screen behind which all sorts of stuff has gone on - including the £35m bond.
 

Nick

Administrator
  • Oct 19, 2022
  • #4,397
Sheridan, meanwhile, also confirmed FRP are looking at the possibility of avoiding relegation on appeal, as they look to prove the insolvency event was out of the club's control.

"Already we've had the necessary criteria and forms sent to us by RFU head of legal," he said.

"It's quite a process and something we will look at applying for."
Click to expand...

Yet you have the accounts and CEO saying how unviable it was even before Covid.
 

olderskyblue

Well-Known Member
  • Oct 19, 2022
  • #4,398
Brighton Sky Blue said:
Nah it went on this

View attachment 26697
Click to expand...
Duffer’s made a killing on these projects….
 
Reactions: duffer
G

Godiva

Well-Known Member
  • Oct 19, 2022
  • #4,399
HuckerbyDublinWhelan said:
one thing that’s alarming is the 20m in repairs needed to the Arena.
Click to expand...

That's what happens if you fail to protect against insects ...
 
Reactions: duffer
B

Brighton Sky Blue

Well-Known Member
  • Oct 19, 2022
  • #4,400
olderskyblue said:
Duffer’s made a killing on these projects….
Click to expand...

It glows in the dark

 
Reactions: ccfcchris, duffer and olderskyblue

MalcSB

Well-Known Member
  • Oct 19, 2022
  • #4,401
Just listened to most of “Rugby Pod” on Amazon Prime. Long interview with Vaughan. Richardson said that he wasn’t going to put any more money in some time ago (without his guarantee the auditors wouldn’t be able to sign off accounts on going concern basis). Richardson sees that the value is in the sale of the arena so he can get back some money (surely doesn’t suggest he is going to buy it himself). After the interview, one of the presenters, with admirable use of the f word, said that there should be an investigation in to the wrapping around the rugby club with a £35m bond scheme, of which £15m went back to Richardson himself.

Theres 40 minutes I won’t get back.
 
Last edited: Oct 19, 2022
Reactions: duffer

Brylowes

Well-Known Member
  • Oct 19, 2022
  • #4,402
Otis said:
Maybe we could start a book of condolence. Candlelit vigil?
Click to expand...
Holly and Phil have requested Press Passes.
 
Reactions: olderskyblue, Otis and duffer

Kneeza

Well-Known Member
  • Oct 19, 2022
  • #4,403
duffer said:
I think he shortens it for convenience.

He is literally massive, not one of their absolute stars, props rarely are, but definitely not someone they'd want to lose.
Click to expand...
Not as massive now as when he first signed for Cov. I reckon he dropped a couple of stones while he was at the BPA, and no doubt more since he moved. Never impressed much, either, so he's evidently improved if he can shift up to Top 14 French standards.
It'll be interesting to see if he can.
 
Reactions: wingy and duffer

Kneeza

Well-Known Member
  • Oct 19, 2022
  • #4,404
Just checked. Alo was 22 and a half stone just before he moved to Cov, and was for a while the heaviest player in the Prem.
Just behind Mickey Quinn then.
 
Reactions: ccfcchris and duffer

tisza

Well-Known Member
  • Oct 19, 2022
  • #4,405
MalcSB said:
Just listened to most of “Rugby Pod” on Amazon Prime. Long interview with Vaughan. Richardson said that he wasn’t going to put any more money in some time ago (without his guarantee the auditors wouldn’t be able to sign off accounts on going concern basis). Richardson sees that the value is in the sale of the arena so he can get back some money (surely doesn’t suggest he is going to buy it himself). After the interview, one of the presenters, with admirable use of the f word, said that there should be an investigation in to the wrapping around the rugby club with a £35m bond scheme, of which £15m went back to Richardson himself.

Theres 40 minutes I won’t get back.
Click to expand...
There is around 30 million owed to Richardson personally and his Maltese hedge fund.
 

duffer

Well-Known Member
  • Oct 19, 2022
  • #4,406
olderskyblue said:
Duffer’s made a killing on these projects….
Click to expand...

Hey. That's full size that is, it's just the photo is taken from very far away.

It's constructed of sustainable pine and everything.

I built it just outside the city boundary so that the council couldn't scupper the planning permission.

As soon as Joy sends me the money I'll tell her the exact location and post over the keys.
 
Reactions: robbiethemole, Skyblueweeman, olderskyblue and 1 other person

duffer

Well-Known Member
  • Oct 19, 2022
  • #4,407
Kneeza said:
Just checked. Alo was 22 and a half stone just before he moved to Cov, and was for a while the heaviest player in the Prem.
Just behind Mickey Quinn then.
Click to expand...

They like em big in France (oo-err missus!).
 
Reactions: fatso

jordan210

Well-Known Member
  • Oct 19, 2022
  • #4,408
Nick said:
Yet you have the accounts and CEO saying how unviable it was even before Covid.
Click to expand...

It was all Covid you know. As for 6 months they broke even !!!!
 
Reactions: duffer
O

oldfiver

Well-Known Member
  • Oct 19, 2022
  • #4,409
tisza said:
There is around 30 million owed to Richardson personally and his Maltese hedge fund.
Click to expand...

He / they have a charge but the debt of the time was repaid. The Receiver needs to check if the Company was solvent when relent
 

clint van damme

Well-Known Member
  • Oct 19, 2022
  • #4,410
HuckerbyDublinWhelan said:
This place is c**t central mate. It’s a pre-requisite to signing up
Click to expand...

And all the cunts are off to watch their team tonight, because its not dead.
 
Reactions: SkyBlueZack, Mcbean, shepardo01 and 7 others
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